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Saudi Arabia’s deep tech startup ecosystem thrives with focus on AI and IoT, fueling Vision 2030

CIO

A recent report from the Ministry of Communications and Information Technology, King Abdullah University of Science and Technology, and consultancy firm Hello Tomorrow highlights the rapid growth of deep tech startups in Saudi Arabia, with 50% of these startups focusing on AI and IoT.

Startups 448
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Saudi Arabia launches $100 Billion AI initiative to lead in global tech

CIO

Saudi Arabia has announced a 100 billion USD initiative aimed at establishing itself as a major player in artificial intelligence, data analytics, and advanced technology. These include data center expansion, tech startups, workforce development, and partnerships with leading technology firms.

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The key to operational AI: Modern data architecture

CIO

Recent research shows that 67% of enterprises are using generative AI to create new content and data based on learned patterns; 50% are using predictive AI, which employs machine learning (ML) algorithms to forecast future events; and 45% are using deep learning, a subset of ML that powers both generative and predictive models.

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AI in the C-suite: Using AI to shape business strategy

CIO

However, research demonstrates that more executives, like Schumacher, recognize the connection between AI and business innovation. Lazarev agrees: “It’s one thing to have the technology, but it’s another to weave it into the fabric of your business strategy. Most AI hype has focused on large language models (LLMs).

Business 482
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IT Hardware Startups Turn to Data Analytics for Market Research

Smart Data Collective

Data analytics technology has been instrumentally valuable for the marketing profession. One of the biggest ways that data analytics is changing marketing is that it can help with marketing research. However, analytics technology is even more important when it comes to understanding your customers.

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Salesforce earmarks $250 million for AI startup investment

CIO

CRM giant Salesforce today said that it would commit $250 million to investments in startups focused on generative AI, even as the company warned of the dangers of the technology. The second, Cohere, is a natural-language processing startup which, it said, aims to make language AI accessible to a much broader range of companies.

Startups 418
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The 4 most overhyped technologies in IT

CIO

They may publicly preach “No technology for technology’s sake,” but they still frequently share their fascination with the latest tech gadgets. It’s then that the hopes for the technology get way ahead of what it can actually deliver today. They’re not the only ones enthralled by tech. Here’s what they say on the topic.